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Small price to pay for a big profit.

“[I]nstead of providing a solid pathway to the middle class, (for-profits) are paving a path into the subbasement of the American economy.”

From a just-issued report on for-profit colleges.

Margaret Soltan, December 1, 2010 6:00AM
Posted in: just plain gross

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2 Responses to “Small price to pay for a big profit.”

  1. dave.s. Says:

    Yes, absolutely. But I’m not so clear that there is a huge difference between the proprietaries and, say, what happens for a kid with a B- high school average who goes off to Cal State Dominguez Hills and drops out after two years with $40000 of debt. And my guess is that kid is far better off with a solid HVAC repair certificate – either from a community college or an honest proprietary (hah!) than with the two years of middling to poor grades from CSUDH.

  2. ricki Says:

    I’m a prof, and I’ve long said that not everyone “needs” to go to college, and that we’d probably be better served as a society by not making trade schools and apprenticeships and such seem like a “second best” option. I cringe every time a politician talks about sending “every” young person to college being a worthy goal.

    While we shouldn’t have Soviet-style career “tracking” that starts in the seventh grade, also we should not make it seem like everyone needs to go to college.

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